Record Order Intake
Siemens Energy achieved a record-breaking order intake of EUR 16.6 billion, reflecting a 65% increase compared to last year. The order backlog reached a new high of EUR 136 billion.
Revenue and Profit Increase
Revenue for the quarter was EUR 9.7 billion, a 13.5% increase year-over-year. Profit before special items increased to EUR 497 million, with a profit margin of 5.1%.
Strong Performance in Gas Services
Gas Services reported a profit margin of 13%, with a profit of EUR 406 million. Orders in this segment were up more than 20% year-over-year.
Grid Technologies Growth
Grid Technologies saw a 26% increase in revenue, with a profit margin of 15.9%. The order backlog for this segment is EUR 38 billion.
Transformation of Industry Success
The Transformation of Industry segment reported a 50% increase in profit compared to last year, with a profit margin of 11.5%.
Dividend Payment Milestone
Siemens Energy exited Bund guarantees, allowing for the possibility of dividend payments for fiscal year 2025.